11.5.10 

Overview

Oracle Receivables has everything you need to streamline your credit to cash process, the flexibility to meet the demands of a global market, and the strong financial controls and strategic information to keep pace in today’s economy.

New Features

Automatic Claims Creation

Auto-claim Creation gives Trade Management users the ability to create claim investigations for short payments, overpayments, and invalid transactions through lockbox. This provides the ability to create claims in high volume, shortening the time to resolution, and reducing the total cost of ownership of deduction management. Depending on how you run your business this feature gives you the ability to choose whether or not you want to create claims for invalid transactions, credit memo’s and negative and positive claims. In addition we have enhanced Claim Functionality so that we can accept and store Customer Reason codes through lockbox and in the receipts application form. These reason codes can be mapped to internal codes in Oracle Trade Management.

Receipt-to-Receipt Applications gives users the ability to apply receipts to other open receipts which have On Account and Unapplied cash. This provides an efficient approach to settling open cash, by eliminating the need to open multiple receipts to apply to on account and unapplied cash. From just one receipt, users can apply to open receipts and the balances and accounting will be automatically updated on all affected receipts. In addition, Trade Management users gain the ability to apply to receipts that have open Claim Investigations, which will in turn update amounts, or cancel claims in Trade Management. This allows users to net underpayments with overpayments in the system, where it is determined that claim research in Oracle Trade Management is not necessary. 

Receipt Write-off for Underpayments

Users can now manually write-off underpayments on receipts. This functionality includes the ability to set approval limits for write-off amounts at the user and system level.

Multiple Prepayment Types

The Multiple Prepayment Types feature enhances the existing Credit Card Prepayments functionality to include the collection of prepayments via ACH bank transfer, direct debit and check. In addition to seamless, out-of-the-box integration with Oracle Order Management, a public Prepayment API is now available to create prepayment receipts.Refunding of prepayments can be done directly to a charged credit card or via integration with Oracle Payables.

Invoice Creation API